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APAC squalene market size from cosmetics applications to grow at 9.5% CAGR over 2022
squalene market
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Growing focus towards maintaining a healthy lifestyle has fueled the demand for dietary supplements across North America. Customers in the region are preferring dietary supplements to avoid expensive medication therapies. With this trend, North America squalene market is likely to register a 8.5% CAGR, accounting for a product demand of 305 tons by 2022.
Various regional fisheries management organizations have imposed restrictions on deep sea fishing in order to save aquatic animals that are massively hunted down for making cosmetic products. Meanwhile, vegetable sources for squalene have suffered tight supply situation over the recent years on account of low crop output and increasing product demand in other applications. Shortage of raw material could thereby hamper squalene market growth over estimated period.
The global squalene market is poised to gain massive momentum in the upcoming years, given its nutritional and health benefits including white blood cell rejuvenation, anti-carcinogen, immune system stimulation, and antioxidant properties. For the record, squalene is a chemical compound which is generally extracted from shark liver oil and other vegetable sources such as rice bran oil, olive oil, and wheat germ oil. Escalating use of these products as a cleansing and moisturizing compound in personal care and cosmetic products is anticipated to further propel the market dynamics over 2015 to 2022, allowing it to record a whopping remuneration of USD 241.9 million by the end of 2022.
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Europe squalene market is projected to observe appreciable gains in the upcoming years, on the grounds of thriving pharmaceutical industry and the product’s expansive use in supplements. It has been predicted that the product reduces levels of cholesterol and carcinogen in human bodies, thus abating the risks of cancer and cardiovascular diseases across the region.
With an estimation to prosper at a growth rate of 8.5 per cent over 2015 to 2022, North America squalene market from dietary supplement is set to record phenomenal proceeds in the years to come, courtesy- increasing focus of the people towards consumption of nutritious food and leading a healthy lifestyle.
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https://www.globenewswire.com/news-release/2016/10/18/880265/0/en/Specialty-Chemicals-Market-size-worth-1-273-billion-by-2024-Global-Market-Insights-Inc.html
https://www.prnewswire.com/news-releases/automotive-coatings-market-to-surpass-a-valuation-of-30-billion-by-2026-says-global-market-insights-inc-301111413.html
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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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